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Intel agrees to sell memory unit for $9 bln

Video Credit: Reuters Studio - Duration: 01:01s - Published
Intel agrees to sell memory unit for $9 bln

Intel agrees to sell memory unit for $9 bln

Intel has agreed to sell its NAND memory chip business to SK Hynix Inc for $9 billion in an all-cash deal that would propel the South Korean chipmaker to second in the global rankings.

Libby Hogan reports.


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Intel Intel American semiconductor chip manufacturer

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SK Hynix SK Hynix South Korean memory semiconductor supplier


South Korea South Korea Country in East Asia

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